My belief is that if you can find a good enough deal, you can make it work - even with limited track record.

Long term goals in mind that I need a track record and capital for! 

Right now, you may be looking at it as scalable, but assembling a team without a track record is hard because some may end up being leeches.

Assets identified in this study include:Standard windows and doorsInterior ceilings and wallsBasic plumbing and electrical systemsBuilding structural elementsBasic HVAC componentsThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

Get all of the notices in writing and keep all text message/voicemails for your records.

It's very important to perform your due diligence on the operators, the markets their operate it, ask for their past transactions, history of their track record.

Most hard money lenders will want to know about your track record - if you have no experience, partnering with someone who has a track record will likely be an easier path to approval (and likely higher leverage) than applying by yourself. 

Cameras are motion-activated, can give you alerts, you can record the video and access it from anywhere, etc.

Your brokerage is required to supervise you, and maintain all records of the transaction, just like any other client. 

to simplify, here's what i would do: don't borrow private money, or partner, until you have a track record.